Jump to Main Content
Starting a Business

Blogs.Starting a Business


Starting a Business? Learn How to Easily Create Your Business Plan

Comment Count:

Comments welcome on this page. See Rules of Conduct.

Starting a Business? Learn How to Easily Create Your Business Plan

Published: September 6, 2013 Updated: May 8, 2015

Are you thinking about starting a business? One of the first things you will need is a business plan. 

Business plans are essential in helping entrepreneurs prepare, manage and direct their businesses, however, creating a plan can be intimidating and time consuming. It’s also hard to even know where to start.

As a part of SBA’s mission to help small businesses grow and succeed, the agency has created a Business Plan Tool  which helps simplify the process.  The tool consists of eight steps which include:

1.      Cover page [Company name, address, phone and logo]

2.      Executive Summary [An introduction to your business]

3.      Company Description [High-level review of your business]

4.      Market Research [Description of your target audience]

5.      Product/Service Line [Description of your product or service]

6.      Marketing and Sales [Your marketing and sales strategies]

7.      Financial Projections [How your business will meet financial obligations. The plan includes four spreadsheets which allow you to easily plug in your numbers.]

8.      Finish up [Once you have completed steps one-seven, you can print your plan in either a Word or PDF document.]

To get started, create an account or log into SBA.gov.  Once logged in, you can easily move through the step by step process of inputting your information into the sectioned templates.  You also can move at your own pace through each section, save your work, and email the plan.

After you completed your business plan, let us know what you think about the tool.  Your feedback is valuable to us.




About the Author:

AlexisB is a moderator for the SBA Community. We appreciate your participation and feedback on how we can continually improve the community to meet your small business needs.


Thanks for your great time for writing post and sharing to us.
Want to start a business by his first thought to capital, business strategy, and market
business hours that hard .. Must have confidence and try the new pass
From a new business Want to succeed it will take from 1 year onwards
The SBA has provided truly valuable resources here. Entrepreneurs want to be careful of relying on templates for their business plan. A template is good as a general guide, but it is better to create a custom business plan
I find it hard to get back to the site to log in and view and or add to my business plan
I agree. Why after logging in is the business plan started so difficult to find?
Good initiative again taken by SBA. Though business plan is essential for any type of business to start with. One need to jot down the plan before entering into any type business with an open mind.
You need to have a basic understanding of finance and accounts, even if you are not financially literate, in order to succeed in any business. A business plan is the first step in this direction. If you are technically savvy and a marketing whiz but do not bother about finance and accounts, your business can go nowhere. Therefore sit with your accountant and be sure you understand everything in the plan and it is made in the manner in which you envisage the business to take off. It will help you understand when you are going to need financing, the gestation period involved and the like.
Or take a Business Plan writing class. I found that it was very helpful and in depth. You'll learn where there is money to be loaned in addition to keeping records, etc. It covers EVERYTHING. I couldn't have come as far as I have without the class. Call your local Small Business Association.


Leave a Comment

You must be logged in to leave comments. If you already have an SBA.gov account, Log In to leave your comment.

New users, Register for a new account and join the conversation today!